MACK. PROPERTIES LTD

🌳Matureactive
SC431229 · ltd · incorporated 2012-08-28
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 13.5y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Oct 2025
Net worth
£25.4k
book net assets
Opportunity
77/100
Strong
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Property-backed borrower with a 85-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 75/100. Strong seller-intent signal (78/100, director aged 85). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 13.5y

70/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 13.5 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
43 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £25,411
Net assets shrinking
Down £186,189 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£25k
↓ 88% YoY
Current Assets
£390
↑ 155% YoY
Current Liabilities
—
£0£42k£85k£127k£169k£212kOct 2024Oct 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-10-312024-10-31
Total assets£25.4k£211.6k
Current assets£390£153
Cash—£153
Debtors£390—
Net assets£25.4k£211.6k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

1 signal detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2026-02-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-07-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-07-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-07-28
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2023-07-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-10-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-07-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-10-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-01-20
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  10. 2020-01-17
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  11. 2020-01-17
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  12. 2020-01-17
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  13. 2019-09-10
    📄
    notification-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC08
  14. 2019-07-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2014-10-15
    🔓
    Charge satisfied #3
  17. 2014-10-15
    🔓
    Charge satisfied #2
  18. 2014-10-15
    🔓
    Charge satisfied #1
  19. 2014-08-15
    🔒
    Charge registered #4
    Lender: Bank of Scotland PLC
  20. 2013-06-28
    🔒
    Charge registered #3
    Lender: Harpmanor Limited
  21. 2012-11-07
    🔒
    Charge registered #2
    Lender: Harpmanor Limited
  22. 2012-11-05
    🔒
    Charge registered #1
    Lender: Harpmanor Limited
  23. 2012-08-28
    🏢
    Company incorporated
    As MACK. PROPERTIES LTD
  24. 2012-08-28
    ➕
    MACKENZIE, Fraser Alexander appointed
    director
  25. 2012-08-28
    ➕
    MACKENZIE, Sandra Mary appointed
    director

Owner dependency

86/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder age: Director aged approximately 85 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
  • +No director turnover: Company is 14 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

79/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 85 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 14 years.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Sandra Mary Mackenzie
Individual · British · DOB 04/1941 · age 85
50–75%
50–75%board controlsig. influence50-75% shares · 50-75% voting · board control · significant influence · firm interest28/06/2016
Mr Fraser Alexander Mackenzie
Individual · British · DOB 05/1979 · age 47
25–50%
25–50%25-50% shares · 25-50% voting · firm interest10/01/2020
1 historic (ceased) PSC
  • Sandra Mackenzieceased 28/08/2016· 50-75% shares · 50-75% voting · firm interest

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →
🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2012-08-28
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

68b Dalkeith Road
Dundee
DD4 7HE
Scotland

Filing status

Accounts
Next due: 2027-07-31
Last made up to: 2025-10-31
Confirmation statement
Next due: 2026-10-03
Last: 2025-09-19

Officers (2 active · 0 resigned)

MACKENZIE, Fraser Alexander→
director · ~47y · appointed 2012-08-28
View their other companies + combined net worth →
Active
MACKENZIE, Sandra Mary→
director · ~85y · appointed 2012-08-28
View their other companies + combined net worth →
Active

Click a director name to see their full track record across all companies.

Mortgages & charges

4
Total charges
1
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property15/08/2014—
satisfied
Harpmanor
Harpmanor Limited
A registered charge1 property28/06/201315/10/2014
satisfied
Harpmanor
Harpmanor Limited
Bond & floating charge1 property07/11/201215/10/2014
satisfied
Harpmanor
Harpmanor Limited
Standard security1 property05/11/201215/10/2014
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (43 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-02
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-07-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-22